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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q1.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Survey of buyer’s intentions method includes.[T-28]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) End use method</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">(b) Both  a &amp; d</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">(b) Both  a &amp; d</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Input output method</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q2.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Initial price = 10 Total Revenue 200,000</span></p>
<p style="margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">New Price = 1 New Revenue one </span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">crore</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">Find the price elasticity of Demand ?[T-23]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) 10.17</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) 54.44</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Times New Roman'; font-size: 12pt; color: #000000;">(c) 11.7</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) 1.17</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q3.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following statements are </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">positve</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> statements?[T-3]</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">) India is overpopulated.</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(ii) Agricultural income should be taxed.</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(iii) Service-class people should be exempted from income tax</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(iv) There is tremendous tax evasion in India.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> and ii</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> and iii</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> and iv</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) iii and iv</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q4.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">If the proportion of income spent on a goods less decreases as income rises then income elasticity is:[T-26]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Greater than one</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Less than one</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c )One</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Zero</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q5.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">Demand for a good will tend to be more inelastic if it exhibits which of the following characteristics? </span>							<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-24]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) The good has many substitutes</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) The good is a luxury (as opposed to a necessity)</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) The good is a small part of the consumer’s income</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) There is a great deal of time for the consumer to adjust to the change in prices.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q6.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">The demand for factors </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">fo</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> production is .....................[T-16]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Fundamental demand</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Derived demand</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Market demand</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Joint demand</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q7.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following could provide an example of exceptional demand curves?[T-15]</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">i</span><span style="font-family: 'Calibri'; font-size: 12pt;">. Demand for “</span><span style="font-family: 'Calibri'; font-size: 12pt;">Giffen</span><span style="font-family: 'Calibri'; font-size: 12pt;"> goods”</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">ii. Demand based on fears of a future rise in prices</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">iii. Demand for second-hand clothes</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">iv. Demand for daily newspapers.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> only</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> and ii</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) ii and iii</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">, ii, iii and iv.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q8.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Rise in demand at original price is called :[T-14]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">1</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Increase in demand</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> </span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Decrease in demand</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Expansion in demand</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) Contraction in demand</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q9.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">‘Ceteris paribus’ clauses in the Law of demand does not mean [T-11]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">1</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) The price of the commodity does not change</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) The price of its substitutes does not change</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) The income of the consumer does not change</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) The price of complementary goods does not change.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q10.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">The price of tomatoes increases and people buy tomato puree. You infer that tomato puree and tomatoes are[T-9]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Normal goods</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Complements.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Substitutes.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Inferior goods.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q11. </span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">In a Mixed Economy, the Government may Provide subsi</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">dies and other incentives, to </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">make the Private Sector establish and develop industries in backward regions. This is primarily done to ensure-</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-8]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Productive Efficiency</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Balanced Regional Development</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Profit Motive</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) All of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q12.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Capitalist economy follows the policy of ____ [T-6]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">1</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Laissez faire policy</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Regulated</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Promoting public sector</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) None of these</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q13.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">According to Economics is the “the study of how in a civilized society one obtains the share of what other people have produced and of how the total product of society changes and is determined”[T-1]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Jacob </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Viner</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Henry Smith</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Pigou</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Paul A. Samuelson</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q14.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">The central problem in economics is that of[T-5]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">comparing</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> the success of command versus market economies.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) </span><span style="font-family: 'Calibri'; font-size: 12pt;">guaranteering</span><span style="font-family: 'Calibri'; font-size: 12pt;"> that production occurs in the most efficient manner. </span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt;">guaranteering</span><span style="font-family: 'Calibri'; font-size: 12pt;"> a minimum level of income for every citizen.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) </span><span style="font-family: 'Calibri'; font-size: 12pt;">allocating</span><span style="font-family: 'Calibri'; font-size: 12pt;"> scarce resources in such a manner that society’s unlimited needs or wants are satisfied in the best possible manner.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q15.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">In economics, supply means :</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-29]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt;"> Quantity of a commodity which is actually offered for sale at a given price during some particular terms</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Quantity of a commodity which is offered for a sale at a different price </span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Stock of commodity which is sold at a given price</span>	</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) None of above.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q16.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following statements about price elasticity of supply is correct?[T-36]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Price elasticity of supply is a measure of how much the quantity supplied of a good responds to a change in the price of that good.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Price elasticity of supply is computed as the percentage change in quantity supplied dividend by the percentage change in price.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Price elasticity of supply in the long run would be different from that of the short run</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) All the above.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q17. </span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Socialistic Economy</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-7] </span></p>
<p style="margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">(</span><span style="font-family: 'Calibri'; font-size: 12pt;">i</span><span style="font-family: 'Calibri'; font-size: 12pt;">) Ensures minimum standard of living to all people</span></p>
<p style="margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">(ii) Restricts freedom of individuals</span></p>
<p style="margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">(iii) Does not give importance to personal efficiency and productivity</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt;">(iv) Emphasis on equal </span><span style="font-family: 'Calibri'; font-size: 12pt;">distribution of</span><span style="font-family: 'Calibri'; font-size: 12pt;"> wealth</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) (</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">) and (ii) </span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) (</span><span style="font-family: 'Calibri'; font-size: 12pt;">i</span><span style="font-family: 'Calibri'; font-size: 12pt;">), (ii) and (iv)</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) (</span><span style="font-family: 'Calibri'; font-size: 12pt;">i</span><span style="font-family: 'Calibri'; font-size: 12pt;">), (ii), (iii) and (iv)</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) (ii) and (iv)</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">	</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q18.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Delphi Technique of expert opinion method under the Demand for costing[T-28]</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Oalf</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">hemler</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Olaf </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">he</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">l</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">m</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">er</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Olaf </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">hmeler</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Dolaf</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">hemler</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">				</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q19.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">If the demand function is P= 4-5x</span><span style="font-family: 'Calibri'; font-size: 6.5pt; font-weight: bold;">2 </span></p>
<p style="text-align: justify; margin-bottom: 1.8pt;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">For what value of x the elasticity of demand will be Unity</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) 15/2</span>	</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> </span><img border="0" style="width: 68px; height: 50px;" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEQAAAAyCAIAAABqCuo5AAAAAXNSR0IArs4c6QAAAsNJREFUaEPt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jqk16cadCZJ8wD6XMJGPEkg7Y80ZvzLkjQEu1eSLNSwEphBMc38MRj9kkmYqYeo9qAZQl3mGu7Uy
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o9y53prOlNE7ntmsh4L5A72ceFINO1M9AAAAAElFTkSuQmCC
"/></p>
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<p style="margin-top: 0; margin-bottom: 0;"><img border="0" style="width: 66px; height: 25px;" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEIAAAAZCAIAAAAKf2+LAAAAAXNSR0IArs4c6QAAAglJREFUWEft
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yzqttFodsigK8fj29PgQEME/jN/UR3nH2ZBSOpWCSPX+MK5SR242krkcb3Jr0eC1nCdONW05XwUD
RoRAdsvWgQjjyzzsX3Onk6m1X5IweBRF0cenK5+qKQ6Zkq4UqfLPjzQY+jRlvMFIRLsLeCVEvhnL
DuqWj5VxxKVgZIdUjAZeA8MI3MSdzEKxP9rHx16FcjBguvxF2uGERdSPw9mELiYBIz/uhdEMwOAv
RmpQYjE1C5QesnPHfLKtiHlqyerwXvNoy6Cgtjg2w+gEMmz9puLB4XVofxi4toPfGMkuiqbgxrFJ
JcgJbo3jB8POLb/6jpTafLOMKj/E0gMKAQOr3Ji95tcGCGd6r18VoUq6RS0Cd5aPgIEa1JDee34J
0sVKSRIMpq4RjhBtldqc1T3EE4e8FFKkajcAIsZhyVewqYj1bGAzCCUB5xP+uEJCKeSMglE2wNQg
VBVl9YBjMyg9rDGY2bveQS4RXKAo4GBWG6o7e0i5rYmCtjWx7Qg6vxxqgSR3ELXmgZjBOrN6wGvm
0mV+Wt0+ql9tGEGbPsncI9TpTZSbXtRrXrmSihuN2/6JrVvBpuXqcNNuuCbX37/3Fu8f8h6efwTG
N5Xd8TrdaCpbAAAAAElFTkSuQmCC
"/></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) None</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q20.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">In Socialist Economies, the answer the Fundamental qu</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">estions - what, how, and for </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">whom to produce, are obtained by-</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-7]</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Market Forces of Demand and Supply</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Government Regulations </span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Cost Benefit Analysis</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) All of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q21.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Who among the following gave the definition of Economics as the “Science which deals with wealth”?[T-1]</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) J.M. Keynes</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) H.C. Dickinson</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Henry Smith</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) J. B. Say</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q22.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">The supply curve for perishable commodities is ______________</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-35]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Times New Roman'; font-size: 12pt; color: #000000;">4</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) elastic</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) inelastic</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">(c) perfectly elastic</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) perfectly inelastic</span></p>
</td>
</tr>
</table>
<p style="margin-top: 0; margin-bottom: 0;">												</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q23.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">What is the formula of </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Proporinate</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> Method of Price elasticity of supply?[T-35]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><img border="0" style="width: 98px; height: 56px;" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAGIAAAA4CAIAAACJ0rrIAAAAAXNSR0IArs4c6QAAA6NJREFUeF7t
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</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><img border="0" style="width: 140px; height: 43px;" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAIwAAAArCAIAAAAlu/c/AAAAAXNSR0IArs4c6QAABIZJREFUeF7t
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"/></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><img border="0" style="width: 236px; height: 53px;" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAOwAAAA1CAIAAADNgJCkAAAAAXNSR0IArs4c6QAABoZJREFUeF7t
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"/></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Both a &amp; c</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q24.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">__________arises because individuals demand some commodities because others are doing so.[T-10]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Snob effect</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Veblan</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> effect</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Bandwagon effect</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q25. </span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following statements is true?</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-2]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) The Economy has unlimited resources and there is a need for </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">chosing</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> the most efficient</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> alternative pending</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> </span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Decisions are always taken under </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">conditons</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> of imperfect knowledge and uncertainty</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Decision making arises only if there is choice available</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q26.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Macro-economics is also known as -[T-4]</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">) Method of Lumping</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(ii) Price theory</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(iii) general equilibrium analysis</span></p>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;">	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">(iv) Aggregative Economics</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> and ii only</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) iii and iv only</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">i</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">, iii and iv only</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) ii, iii and iv only</span></p>
</td>
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</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q27.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following applies to a Socialist Economy?</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-7]</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Private ownership of all resources and factors of production</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Total absence of </span><span style="font-family: 'Calibri'; font-size: 12pt;">Goverment</span><span style="font-family: 'Calibri'; font-size: 12pt;"> Regulation</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Balancing between social objectives and Economic Objectives of the society</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) Market Mechanism to solve all Central Problems of the Economy</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q28.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Social insurance, sickness benefits, old age pension, etc are some social benefits provided by -[T-7]</span></p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) State in capitalist economy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) State in socialist economy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) State in mixed economy</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Both (b) and (c)</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q29.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">A business firm recently decreased price by 50%, assuming no other change and if elasticity of demand is unitary, total revenue will[T-20]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Double</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Increase by 50%</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Remain unchanged</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Decrease by 50%</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
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"/></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt;">Kx</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><img border="0" style="width: 69px; height: 55px;" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAEUAAAA3CAIAAADVBRC0AAAAAXNSR0IArs4c6QAAAnhJREFUaEPt
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"/></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) 5x</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) None</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q31.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Under the Barometric method of demand for costing the economic indicators are [T-28]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) One</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Two</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Three</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Four</span></p>
</td>
</tr>
</table>
<p style="margin-top: 0; margin-bottom: 0;">	</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q32.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following statements about price elasticity of demand is correct?[T-18]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Price elasticity of demand is a measure of how much the quantity demanded of a good responds to a change in the price of that good.</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Price elasticity of demand is computed as the percentage change in quantity demanded divided by the percentage change in price.</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Price elasticity of demand in the long run would be different from that of the short run.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) All the above.</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q33.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Bricks for houses is an example of which kind of demand?[T-16]</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Composite</span></p>
</td>
</tr>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Competitive</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Joint</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Derived.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q34.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Law of demand is..........</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Related to Consumer </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Behaviour</span></p>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Shows Inverse relationship between price is demand</span></p>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) First Law of Purchase</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) All of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q35.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">In an economy people have the freedom to buy or not to buy the goods offered in the market place, and this freedom to choose what they buy dictates what producers will ultimately produce. The key term defining this condition is[T-6]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">economic</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> power of choice.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">consumer</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> sovereignty.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">positive</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> economy.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">producer</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> sovereignty.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q36.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Normative Economics is based on:[T-3]</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Ethical Considerations</span></p>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Facts and </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Generalisation</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) What is?</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) All of the above.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q37.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Dual system of pricing exist in:[T-8]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Free market economy</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Socialistic economy</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Mixed economy</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) None of the above</span></p>
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<p>&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">Q38.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">An income-demand curve for a “Luxury Commodity” slopes:[T-16]</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Times New Roman'; font-size: 12pt; color: #000000;">3</span></p>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Upwards to the right from the origin</span></p>
</td>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Vertically</span></p>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Upwards from left to right only beyond a Certain level of consumer’s income</span>	</p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) Horizontally.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q39.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Substitution effect takes place when price of the commodity becomes</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Relatively cheaper</span></p>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Relatively dearer</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Stable</span></p>
</td>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Both A &amp; B</span></p>
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<p>&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q40.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">When elasticity of supply is infinity then its slope is[T-35]</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) One</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Greater </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">then</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> one</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Zero</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Less than one</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q41.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Price Elasticity of Demand of two perfect complementary goods is[T-19]</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Infinity</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) zero</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) One</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) None of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q42.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">In which among the following systems the “right to property” exists.[T-6]</span></p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Mixed economy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Capitalist economy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Socialist economy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Traditional economy</span></p>
</td>
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<p>&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q43.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand. [T-22]</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Increases</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Decreases</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Remains the same</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Is zero.</span></p>
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<p>&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q44.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Given the following four possibilities, which one results in an increase in total consumer expenditure?[T-20]</span></p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Demand is unitary elastic and price falls.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Demand is elastic and price rises.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Demand is inelastic and price falls.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Demand is inelastic and prices rises.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">	</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q45.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Point elasticity is useful for which of the following situations?[T-22]</span></p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) The bookstore is considering doubling the price of notebooks</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) A </span><span style="font-family: 'Calibri'; font-size: 12pt;">restauran</span><span style="font-family: 'Calibri'; font-size: 12pt;"> is considering lowering the price of its most expensive dishes by 50 percent.</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) An auto producer is interested in determining the response of consumers to the price of cars being lowered by Rs. 100.</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) None of the above.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q46.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Conspicuous goods are known as [T-15]</span></p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Prestige goods</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Snob goods</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Veblen goods</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) All of the above</span></p>
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<p>&nbsp;</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q47.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Business </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Econoimics</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> has a Pragmatic Approach which </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">menas</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> it is not-</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">[T-3]</span></p>
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<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Practical</span></p>
</td>
</tr>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Realistic</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Abstract</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) All of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q48.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following is False?</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Demand Curve shows the inverse relationship between price and quantity demanded.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Demand Curve slopes downwards from left to right mainly because of Income Effect &amp; Substitution Effect.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Income Effect means change in monetary income due to change in price.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) Substitution Effect means change in demand due to change in relative prices of substitute goods.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q49.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Qx</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">=20+6P. If price is 5/3 Find the Price elasticity of supply.[T-36]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) -.33</span>	</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) .66</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) .75</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) .33</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q50.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Economics, according to Lionel Robbins, is a [T-3]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) normative science</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) applied science</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) positive science</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) experimental science</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q51.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">In which of the following cases the demand for goods tends to be less elastic?[T-25]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Good is necessary</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Time period is shorter</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Number of close substitutes is less</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) All of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q52.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of the following is False?</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Expansion in Demand means rise in demand in response to fall in the price of a commodity, other things being equal.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(b) Increase in </span><span style="font-family: 'Calibri'; font-size: 12pt;">Demnad</span><span style="font-family: 'Calibri'; font-size: 12pt;"> refers to the rise in demand in response to the change in the determinants of demand other than price.</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(c) Contraction in Demand means fall in demand in response to a rise in the supply of a commodity, other things being equal.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt;">(d) Decrease in Demand means fall in demand in response to change in determinants of demand, other than the price.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">	</p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q53.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Price elasticity of demand of two goods A and B is (-3) an</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">d (-4) respectively. </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Which of </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">the two goods has higher elasticity.</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> [T-18]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a)  Good(A)</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Good(B)</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">Neighter</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;"> A or B good</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) None of the above</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q</span><span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">54.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">Sugar and coffee are ________ goods</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">1</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(</span><span style="font-family: 'Calibri'; font-size: 12pt;">a) Complementary</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(</span><span style="font-family: 'Calibri'; font-size: 12pt;">b) Perfect substitute of each other</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(</span><span style="font-family: 'Calibri'; font-size: 12pt;">c) Both</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(</span><span style="font-family: 'Calibri'; font-size: 12pt;">d) Unrelated</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q55.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">Generally, when income of consumer increase, he goes in for superior goods, leading to a fall in demand for inferior goods. It means, income elasticity of demand is _____.[T-26]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) </span><span style="font-family: 'Calibri'; font-size: 12pt;">Less than 1</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) </span><span style="font-family: 'Calibri'; font-size: 12pt;">Unitary</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) </span><span style="font-family: 'Calibri'; font-size: 12pt;">Zero</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) </span><span style="font-family: 'Calibri'; font-size: 12pt;">Negative.</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q56.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">The cross elasticity between Rye bread and Whole Wheat bread is expected to be:[T-27]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">1</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) Positive</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) Negative</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) Zero</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) Can’t say</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q.57.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">The price elasticity of supply of good X is half the price elasticity of supply of Good Y. A 10% rise in the price of good Y results in a rise in its supply from 400 units to 520 units. Calculate the percentage change in quantity supplied of good X when its price falls from Rs. 10 to Rs. 8 per unit.</span> </p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) 25%</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) 50%</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) 30%</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) 60%</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q.58.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; font-weight: bold;">The ratio of elasticity of supply of commodities A and B is 1:1.5 twenty per cent fall in price of A results in a 40 per cent fall in its supply. Calculate the percentage increase in supply of B if its price rises from Rs. 10 per unit to Rs. 11 per unit.</span><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p>
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<p style="margin-top: 0; margin-bottom: 0;">2</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) 20</span></p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) 30</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) 40</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) 50</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q.59.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">A straight line supply curve </span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">ccuts</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> the Y-axis in its negative range. What is the elasticity of supply?</span><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">a. Highly elastic</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">b. Unitary elastic</span></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">c. Less elastic</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">d. Perfectly Inelastic supply</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q60.</span>	<span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Qx</span><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;"> = 36-4p and Price 6/2 fixed price elasticity of demand. [T-21]</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">3</p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(a) 0.75</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(b) 0.57</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(c) 0.50</span></p>
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<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000;">(d) 0.85</span></p>
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<p style="margin-top: 0; margin-bottom: 0;">4</p>
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<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Calibri'; font-size: 12pt; color: #000000; font-weight: bold;">Q61.</span>	<span style="font-family: 'Cambria'; font-weight: bold;">On an average life span of commercial </span><span style="font-family: 'Cambria'; font-weight: bold;">organisations</span><span style="font-family: 'Cambria'; font-weight: bold;"> in our country is:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) 10 years</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(b) 50 years</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(c) 100 years</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(d) 500 years</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q62.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Types of Economic Activities are:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Business</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(b) Employment</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(c) Profession</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(d) All of Above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q63.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">HUF consist of _________________ generations:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) 2</span>									</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(b) 3</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(c) 4</span></p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(d) 5</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q64.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Survival comes under _________________ objective of business:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Organic</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Economic</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Social</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) National</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q65.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">No. of Partners under Partnership are mentioned in:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Partnership Act 1932</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Hindu Succession Act</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Companies Act 2013</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q66.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">According to Peter </span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Drucker</span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;"> aim of the business is to __________ and ________ :</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Create and retain customer</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(b) Retain customer and create profits</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Create and retain consumer</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Retain consumer and maximize wealth</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q67.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Which of the following is not characteristic of an economic activity?</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Economics Activities are productive</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Economics Activities are Income generating</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(C) Economics Activities are sentimental</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) </span><span style="font-family: 'Cambria';">Allof</span><span style="font-family: 'Cambria';"> the above</span>	</p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q68.</span>	<span style="font-family: 'Cambria'; font-weight: bold;">A Hindu undivided family business formed by a group of people who do not constitute a family:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Can be</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Should be</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Cannot be</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Normally</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q69.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">The logo of the institute from the Institute of chartered Accountants of India (ICAI) is suggestive of _____________expected from CAs</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Professional</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Integrity</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Vigilance</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) None of these</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q70.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Under the income tax Act, A HUF cannot earn income from.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) House property</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Salary</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Profits</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Other Sources</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q71.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">The maximum number of members of a public company is:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) 07</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) 50</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) No limit</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) 200</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q72.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Mark the Correct:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Hindu Succession Act, 1956 is applicable in HUF.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) LLP firm may be constituted on basis of LLP Act 2009.</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) A dormant company registered under Companies Act, 2013.</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All are correct.</span>	</p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q73.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Mark incorrect: Partnership implies</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Contractual ownership of business</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Liability of partner is limited to the extent of </span><span style="font-family: 'Cambria';">one?s</span><span style="font-family: 'Cambria';"> share capital</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) The contract is an agreement enforceable at law is called deed</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Deed may be registered in India under the Partnership Act, 1932</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q74.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">A HUF cannot comprise members of a:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-size: 13pt;">4</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Hindu &amp; Sikh family</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) </span><span style="font-family: 'Cambria';">Parsi</span><span style="font-family: 'Cambria';"> family</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Buddhist family</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Muslim family</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q75.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Under the income tax Act, A HUF cannot earn income from:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) House property</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Salary</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Profits</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Other sources</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q76.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Which of the following is an economic activity:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Social interest</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Social security</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Selfless concern</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Self interest</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q77.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">There is a requirement of registration of the following as per Indian Companies Act 2013:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Private Company</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Public Company</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) One Person Company</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q78.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">A partnership may not be formed to carry on:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Any trade</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Occupation</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Profession</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Social enterprise</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q79.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">The performance of business in the private sector is measured by:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Profitability</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Customer Satisfaction</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) No of employees</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) The salary of Managing Director</span>	</p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-bottom: 1.8pt;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q80.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Which of the following is the concern relate to Business &amp; Commercial Knowledge?</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Sustainability</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Sociology</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Traditional</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Society at large</span>	</p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q81.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">To survive over long term, a company must have which capability :</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Ability to prosper</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Ability to change</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Resistant to change</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Both (a) and (b)</span></p>
</td>
</tr>
</table>
<p style="margin-top: 0; margin-bottom: 0;">	</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q82.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">According to Charles Darwin which species will survive for long?</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Strongest</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Intelligent</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Responsive to change</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q83.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Business environment is:</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Complex and dynamic</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Multi facet</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Far reaching Impact</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span>	</p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q84.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Any data having commercial importance is:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Information</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Trend</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Issue</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Expectation</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q85.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">5 M’s of marketing comes under :</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Exchange of information</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Exchange of Resources</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Exchange of Power</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q86.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Organisations</span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;"> response to environment includes:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Least Resistance</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Administrative Response</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Collective</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Both (b) and (c)</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q87.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Bargaining, contracting, joint ventures etc, are covered by:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Administrative Response</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Competitive Response</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Collective Response</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q88.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">General tendencies along which events take place are:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Trends</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Issues</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Expectations</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q89.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">General environment which affect working of all firms is:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Internal</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) External</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Micro</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Macro</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q90.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Which of the following is not correct about Business Environment:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Constantly charging</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Simple</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Multifaceted</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Complex</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q91.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">___________are important &amp; specific occurrences taking place in different environmental  sectors</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Expectations</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Events</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) </span><span style="font-family: 'Cambria';">Iss</span><span style="font-family: 'Cambria';"> </span><span style="font-family: 'Cambria';">Ues</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Trends</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q92.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Which environment affects the day to day business activities:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Internal</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Micro</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) External</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Macro</span></p>
</td>
</tr>
</table>
<p style="margin-top: 0; margin-bottom: 0;">	</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q93.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">An inherent capacity which an organization can use to gain strategic advantage over </span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">its </span><span style="font-family: 'Cambria'; font-weight: bold;"> competitors</span><span style="font-family: 'Cambria'; font-weight: bold;">? is called:</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Weakness</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Threat</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Opportunity</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Strength</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q94.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Which of the following is not a part of Economic Environment of business</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Family structure</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Availability of Capital</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Monetary Policy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Industrial Policy</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q95.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">The </span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">term_____________is</span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;"> used to describe a framework for analysis of macro </span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">environmen</span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;"> </span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">tal</span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;"> factors.</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Global</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Social</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) PESTLE</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Legal</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q96.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">BusIness</span><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;"> environment consist of</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Macro Elements</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Micro Elements</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Both of the above</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) None of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q97.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">PESTLE analysis does not include</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">1</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Policy</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(b) Technology</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Legal</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Economic</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q98.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">What is not a characteristic of business environment</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">2</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Complex</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Static</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Multi-faced</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Far reaching</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q99.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Macro Environment includes ______</span>	</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">3</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Strength</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Weakness</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Opportunity</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) All of the above</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<table class="TableGrid">
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="text-align: justify; margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Q100.</span>	<span style="font-family: 'Cambria'; color: #000000; font-weight: bold;">Internal Environment includes______</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;">4</p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria'; color: #000000;">(a) Customer</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(b) Economic</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(c) Demography</span></p>
</td>
</tr>
<tr>
<td>
<p style="margin-top: 0; margin-bottom: 0;"><span style="font-family: 'Cambria';">(d) Mission &amp; Objectives</span></p>
</td>
</tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
</body>
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Anon7 - 2021